T-Rex82, The majority of deposits are available immediately. However, like all banks, USAA sometimes places a hold on a member's deposit. This temporary hold protects the member and USAA from the growing threat of fraud. Holds can vary in length. A hold can be avoided through use of direct deposit instead of depositing a paper check. You can also visit the originating bank to cash a check. I hope this helps. ~Darcy
T-Rex82, Yes, the Deposit @ Mobile App will provide a message, telling our members how much of the check will be placed on hold and for how long. This gives our members the opportunity to cancel the deposit and cash the check another way, if necessary. Since you mentioned that your bills will be late, I recommend cashing the check with the originating bank, as we cannot increase the available amount. I regret any inconvenience this may cause. ~Darcy
Actually the mobile app initially tells me that my deposit will be available immediately and then has the following statement "The exact amount of the available funds and the length of hold will be determined AFTER the deposit is submitted'. I don't know if everyone gets this note, but everyone in our household does. However, we all have high deposit limits so our funds are always available. I have seen other members mention that the funds available and hold time are not really known until after the actual deposit is made. I think that once you hit "deposit check" there is no going back and it is at this time that the member really finds out how much is on hold and for how long. Please correct me if I am wrong.
NSueZ, When using the Deposit @ Mobile App, you will see the following verbiage if a hold will be placed on the deposit:
$xxx.xx Available Immediately
$xxx.xx will be on hold until xx/xx/xxxx
We implemented this change in January 2015 to give transparency to our members during the deposit process. At that point, the member can make the decision to cancel the deposit and cash the check another way, or they can budget accordingly. ~Darcy